Regulation on OTC derivatives, central counterparties and trade repositories

This procedure aims to update the rules governing financial markets and the reporting of over-the-counter (OTC) derivatives. It seeks to improve market transparency, enhance the stability of the financial system, and ensure that financial instruments are traded and reported more efficiently across the European Union.

The changes will primarily affect financial institutions, investment firms, and central counterparties. It updates reporting requirements for trade repositories to reduce data errors and improve risk management.